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Finance

At Cowra Ford we pride ourselves on our ability to offer you a highly competitive finance package that is simple to understand.

Every customer's financial picture is unique and with various suppliers such as Macquarie Leasing, St George Automotive Finance, Alphera Finance, BMW Finance, Nissan Finance and VW Finance we can search for the best finance package available based on your individual requirements. In addition we engage QBE and Allianz Insurance.

Our Finance specialist James Dean has over 20 years experience and Lucy Dawson over 10 years to provide a personalised and expert service to assist you in all areas of financing.

A Finance Lease is used by businesses or individuals for the specific purpose of purchasing a new or used Ford that is for wholly or predominantly business or investment purposes In applying for a Finance Lease, you are applying to finance the Ford for the explicit purpose of using a vehicle for business use in return for regular rental payments over an agreed period of time. The financier owns the Ford until the residual is paid out. It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

Finance Lease Benefits

Lease payments are tax deductible to the level of business use

As it is the financier who owns the Ford, it is just the payment that 'is on the books'

No capital outlay is required and cash flow is protected

Term can be flexible and fixed repayments make for easy future budgeting

For your convenience, all finance documentation completed at the time your new Ford is delivered

A Ford Finance Consumer Loan is the product to use when purchasing a vehicle for private or domestic use.

The vehicle is used as security for the loan, however you have ownership from the beginning of the contract. Upon the final payment you get clear title to the vehicle. A Consumer Loan is regulated under the terms of the Consumer Credit Code.

Features:

Terms range from 12 to 84 months

Interest Rate is fixed for the term of the loan as are your repayments.

You can pay your loan via the convenient method of Direct Debit or BPay

You can make a deposit to the transaction of any amount.

Payments can be made as often as you like (ie Weekly, Fortnightly or Monthly) via the Bpay method.

Other costs associated with the purchase can be financed on the contract (like, Comprehensive Insurance, registration and on-road costs)

You can specify a larger final payment (known as a balloon)

Benefits:

Payments can be structured to suit you individual needs, with your budget and cashflow taken into consideration.

With a fixed interest rate you are protected against the market fluctuations

More frequent payments reduce your interest charges and the term of your loan.

By financing other costs and insurance you can preserve your cash for other purposes.

A deposit will reduce your repayments and your interest charges by reducing the amount borrowed.

A Balloon payment has the effect of lowering your regular monthly payments and making your car more affordable.

GST:

GST is not payable on any part of the Consumer Loan transaction however may be payable on the purchase price of the vehicle or other items like Insurance.

A Novated Lease is a particular type of Finance Lease used by individuals for the specific purpose of purchasing a new or used Ford.

Similar to a Finance Lease, it involves obtaining finance for a new or used Ford in return for regular rentals over an agreed period of time. The difference is that your employer agrees to pay the rentals out of your pre-tax salary. A Novated Lease is a three way agreement between the Financier, Employer and Employee. The employer commits only to making the payments whilst you are under their employment. If you are no longer employed by the employer in the Novated Lease agreement responsibility for the payments is transferred to you. In recent years, the popularity of Novated Leases has increase as employers seek to move away from traditional company vehicle arrangements and look for more incentives to attract and reward their employees.

It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

A Chattel Mortgage (also known as; Commercial Terms Purchase) is a particular type of finance product used by businesses and/or individuals that require a vehicle for business use. A Chattel is essentially a Mortgage over your Ford.

For tax purposes you may claim Depreciation, Running Costs and Interest charges against your business income at the percentage of business use applied.

It is important that you seek advice form your qualified financial advisor before deciding on which finance product will best suit your requirements.

The Chattel is a very flexible finance option. You have the ability to finance the full purchase price or incorporate a deposit/trade-in to reduce your payment commitment. Another option is a balloon/residual payment placed at the end of the finance term to allow even greater flexibility of repayments.

Chattel mortgage allows GST on the sale vehicle price to be claimed in the next due BAS return.

Alternatively, you may choose to structure your payments to clear the debt in full over the term of your finance agreement (fully amortised).

Chattel Mortgage - Benefits

Depreciation, interest charges, GST and running costs are all tax deductible (to the level of business use)

No capital outlay is required and cash flow can be protected

After full payment of the Chattel Mortgage agreement, the financier releases the Mortgage over the Ford

You have many varied options of deposits or balloon payments at the end of the term of your choice

For your convenience, all finance documentation completed at the time your new Ford is delivered

If your comprehensively insured vehicle is declared a total loss as a result of accident or theft, you may find that the payout from your comprehensive insurer (when your claim is accepted) is less than what you owe your credit provider for your Ford.

GAP Cover Insurance is a policy that will help you avoid having to pay a shortfall between what you are paid by the comprehensive insurer and what you owe to your credit provider.

Depending on the level of cover, the policy may pay for a range of expenses associated with the replacement of your Ford.

(Example: A 27 year old Company Manager (Claim No), had a loan payout amount of $17 100 and the Insurer settled only $10 800; a gap of $6 300).

Consumer Credit Insurance (CCI) is designed to assist you in meeting your finance contract repayments in the event of specific changes to your personal circumstances. It can assist you in meeting your repayments in the event of changes to your health or employment status.

Cover provided: Involuntary Unemployment and Disablement Cover. These options are available as a complete package or in a number of specific options so you can choose which one best meets your individual requirements.

(Example One: A 46 year old Business Development Manager (Claim 1616) who became involuntary unemployed due to company restructuring. Total payment of $1,500.00 was made over six months).

(Example Two: A 29 year old Plasterer (Claim 3171) was injured in a not at fault motor vehicle accident and was not able to work for 18 months. Balance of loan paid out totaling $16,058.16).

(Example Three: A 39 year old Florist (Claim 2202) suffered a spinal cord tumor and was permanently disabled. Balance of loan paid out totaling $19,188.44).

Covers you for loss or damage to your Ford caused by an event in the period of insurance. It includes the total loss or damage to your vehicle caused by another party, whether they are insured or not.

Also, often it is possible to include the first year of comprehensive Insurance in your finance repayments.

QBE and Allianz Insurance features include:

Lifetime guarantee of authorized repairs

Australia wide claims service

Monthly payment option

New vehicle after total loss for first two or three years if first registered owner

Disclaimer:

The material contained on this site is provided for general information only and does not constitute any form of advice. Cowra Motor Group assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site. You should always seek advice of an independent financial advisor or your accountant for the most suitable finance product for your situation.